This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Jack In The Box Inc. Refranchises 18 Restaurants In Beaumont, Texas, Market

Jack in the Box Inc. (NASDAQ: JACK) today disclosed the details of a refranchising transaction that was completed in May and included in the company’s third-quarter operating results, which were announced on August 7. On May 6, 2013, TLIG Restaurants, LLC acquired 18 Jack in the Box® restaurants in the Beaumont, Texas, market. Additionally, to date in the fourth quarter of the company’s fiscal 2013, which ends Sept. 29, 2013, Jack in the Box Inc. has completed the sale of 27 additional Jack in the Box restaurants, with transactions to refranchise approximately 29 other restaurants expected to close by fiscal year end.

These transactions reflect the company’s strategic initiative to expand franchising and franchise ownership in the Jack in the Box system. Reflecting the sale of the Beaumont market, the Jack in the Box system is nearly 77 percent franchised, with the expected completion of the fourth quarter transactions increasing franchise ownership to more than 79 percent. The company is nearing its goal of franchise ownership in the 80 to 85 percent range, which it expects to achieve by the end of fiscal 2014.

The company is currently seeking experienced, multi-unit restaurant operators to refranchise certain company markets in the southeast and midwest. In Tulsa, Kansas City, Indianapolis and Cincinnati, new franchisees can acquire up to 10 restaurants that recently opened or are under development, then further develop the market with royalty and franchise fee incentives. Other markets approved for franchise development include Louisville, Cleveland, Wichita, Omaha, Little Rock, Fayetteville and Champaign. For more information on franchising opportunities, visit www.jackinthebox.com/franchise.

About Jack in the Box Inc.

Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box ® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill ®, a leader in fast-casual dining, with approximately 600 restaurants in 45 states, the District of Columbia and Canada. For more information on Jack in the Box and Qdoba, including franchising opportunities, visit www.jackinthebox.com or www.qdoba.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs